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Apr 23, 2013
04/13
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CSPAN2
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eye 79
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how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes retailers not within their own state. >> who are some of the supporters? why did some say it will level the -- playing field for retailers? >> the big which include retail industry. it's the big restalers -- retailers, walmart, amazon.com, which is an online retailer. they said brick and mortar are at the disadvantage. they have to charge the sales tax with the online retailers don't. consumers are technically are supposed to pay the taxes on the tax return, but studies show that most don't. so in effect online goods get that 6 to 10% on average discount. >> what about the opponents
how do we do the deficit reconstruction. how do we do the tough stuff. let level the playing field, let's make this responsive to the main stream businesses every day. struggle and simply asking for justice. they're simply asking for equity. i yield the floor. >>> joining us from capitol hill. what is the purpose of this senate internet sales tax bill? >> the legislation state require that online retailers charge sales tax when consumers make a purchase online. that includes...
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65
Apr 18, 2013
04/13
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CSPAN2
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eye 65
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raise it to 70, and you fix two-thirds of the social security deficit. you can fix the remaining third by means testing the benefits. i thought that there'd be bipartisan support for that because the president has occasionally said he's for entitlement reform, but he, i think, has not shown much leadership on this. seems to be inching more towards it, but i had a meeting with him back when we used to have 47 republican senators, we sat down around a table like this with he and the vice president. this was probably a year and a half ago. and i told him precisely that, that i think we should be able to get people on pote sides of the equation -- on both sides of the equation just to, essentially, fix social security. medicare's a more difficult problem. it's $35-40 billion short, and these are problems that drive your deficit. everybody here knows this. two-thirds of the budget is entitlements. to we have another -- so we have another bill that fixes medicare. it's $35-40 trillion on the whole we do the same thing. we age the -- raise the age grawjally, we
raise it to 70, and you fix two-thirds of the social security deficit. you can fix the remaining third by means testing the benefits. i thought that there'd be bipartisan support for that because the president has occasionally said he's for entitlement reform, but he, i think, has not shown much leadership on this. seems to be inching more towards it, but i had a meeting with him back when we used to have 47 republican senators, we sat down around a table like this with he and the vice...
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86
Apr 24, 2013
04/13
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CSPAN2
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eye 86
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we are wrestling with this larges budget deficit. we know that there are management challenges and when you say o.m.b., it is office of management and budget. who is confirmed in this position is expected to ride herd, to oversee a group of team, a good team, that will focus on budget, thousand continue to rein in our budget deficit and bring it back to a more sustainable fiscal position for us and what is do we need to do on the management side to help hastening that day? we have across the federal government in this administration -- we had it in the bush administration, the last bush administration as well -- something i call executive branch swiss cheese. we've too many positions, senior positions in this administration. we had a uminfor number of theme last position. in some cases the administration has not vetted, nominated, and submitted names us to. in some conveyings we're not moving them very quickly thuns they have. there is a shared responsibility here. the administration -- in this case we haven't had a confirmed directo
we are wrestling with this larges budget deficit. we know that there are management challenges and when you say o.m.b., it is office of management and budget. who is confirmed in this position is expected to ride herd, to oversee a group of team, a good team, that will focus on budget, thousand continue to rein in our budget deficit and bring it back to a more sustainable fiscal position for us and what is do we need to do on the management side to help hastening that day? we have across the...
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Apr 17, 2013
04/13
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CSPAN2
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eye 73
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we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break? >> obviously businesses choose whether to organize on the corporate side or individual side. we we have not proposed any increase beyond the current 39.6 on the individual side. the better we do -- i heard you talk about. what is his deal. >> it was not a simple as this. it was difficult negotiation we were negotiating with republicans to refuse to put taxes on the table. >> forget it. let me pose this. i'm a small business owner and i can tell you your not helping small business. the burden that the administration is putting on small business unbelievable. i would suggest you look at texas or nod see what l
we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break?...
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Apr 23, 2013
04/13
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CSPAN2
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eye 88
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it's also not directed to where we really need to do to reduce the deficit. once again sequestration applies to discretionary spending primarily, it provides a fourth round of cuts, we've already had cuts over the last three years and for the agencies that are affected, it's equivalent to about a 10% cut. you can't do that without seriously affecting the mission of the agencies. and that is just wrong. and that's why i have said from the beginning, let's replace sequestration. well, march 1 came, sequestration came, people woke up the next day and said what's the big deal? well, we're finding out what the big deal is all about. we just heard from the budget of the f.a.a., the air traffic controllers, that because of sequestration they have little option, 85% of their proiption praitional budget is in personnel and air traffic controllers are most of the personnel. so therefore they've announced this have to furlough 11 days during the remainder of this fiscal year, and that comes out to about one furlough day over each work period. it's as much as a 10% reduc
it's also not directed to where we really need to do to reduce the deficit. once again sequestration applies to discretionary spending primarily, it provides a fourth round of cuts, we've already had cuts over the last three years and for the agencies that are affected, it's equivalent to about a 10% cut. you can't do that without seriously affecting the mission of the agencies. and that is just wrong. and that's why i have said from the beginning, let's replace sequestration. well, march 1...
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Apr 17, 2013
04/13
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CSPAN2
tv
eye 70
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the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out the baseline gains and add back nearly spending increase in the budget when the gimmick removed and spending counted. total deficit reduction comes to $1 19 billion. we see it as a disappointment. because it's a missed opportunity. we need a new floach washington to meet the most pressing challenges. that's what we are offering. we offer a plan to balance the budget in ten years which we think is a critical to growing a healthy economy. we extend opportunity for them. we guarantee we think we need to get back to work to repair the safety net there in a re
the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out...
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90
Apr 22, 2013
04/13
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CSPAN2
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eye 90
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but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the worst of the seq cuts are creating an emergency situation, we should consider using thighs funds to offset their impact. these really are emergencies and we should do it. i am not proposing we use them to offset the entire sequester but congress has the power to avert the most painful sequester cuts using these mexico. 28 republicans in the senate and 174 republicans in the house would impose these sequester haphazard cuts. if those same republicans work with democrats, we could act to protect families and businesses and ensure our national defense and save millions of americans hours waiting at the ai
but congress has the power to rreverse these self-inflicted wounds without adding one penny to the deficit. we've provided money, the money is there, we haven't spent it, we don't need to. we can use the savings from wrapping up two wars to avoid the full brunt of the sequester's arbitrary cuts. the congressional budget office said that would score; that money is available, it is money we could use. funding for the operation in ir a afgan has in alled overseas contin yeype account. since the...
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Apr 19, 2013
04/13
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CSPAN2
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eye 57
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doesn't have the effect of offsetting the deficit or making the deficit look smaller? >> i would have to go back and look at that. i am not sure of hand. the money segregated in a different account for the postal service but i have to check and give you a definitive answer. >> i believe it is interested and use that you would look at that because i think it is the disguise of the deficit, one of the reasons the postal service is seen as having to do, nobody else has to do and that is what i want to get to. is 75 years of refunding health care consider the best practice? >> the pre funding is considered a best practice. >> that was not my question. this is the only business and the only federal government that it -- >> actually the defense department is free funding. >> how much are they pre funding? >> they are pretending $150 billion. >> how much as the postal service refunded? >> i believe it is about 48 -- 43. >> would you recommend the federal government, why haven't you recommended to other federal agencies best practice, is this what we should be doing and if so
doesn't have the effect of offsetting the deficit or making the deficit look smaller? >> i would have to go back and look at that. i am not sure of hand. the money segregated in a different account for the postal service but i have to check and give you a definitive answer. >> i believe it is interested and use that you would look at that because i think it is the disguise of the deficit, one of the reasons the postal service is seen as having to do, nobody else has to do and that...
104
104
Apr 22, 2013
04/13
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CSPAN2
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eye 104
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greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european supervision of banks because our banking works not only in the frame of one member state, but all of us. we need a european mechanism and a european supervision. we haveimemented, we will implement a supervise mechanism in the coming weekings. it -- weeks. it has been already decided. we will build, we have a european regulation on deposit insurance. we have a european regulation on our -- it is not yet decided, but it's drafted, and it is on the way on regulation that was -- [inaudible] mechanism as well. and, therefore, we are working step by step in the dire
greece has made a lot of progress in reducing deficit as well. therefore, we are regaining confidence. and if you look at market, markets are very, have regained a lot of confidence. and bonds for all member states, including italy, spain, all the concerned countries, are below they used to be before the crisis. therefore, markets have regained what we are doing now is building the next step, building the banking union. we have already agreed on mechanisms because we need a strong european...
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147
Apr 17, 2013
04/13
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CSPAN
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eye 147
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-- rein in our deficit. our secretary seems to have taken this message to heart. identifying some $1.3 billion in cost savings this year and more than $4 billion since 2009 and continues to move to a risk-based approach, an effort to save more money. but to do so in a smart way. i'm happy to see in this budget proposes a much-needed increase for cybersecurity which will help the department fulfill its significant cyberresponsibilities. passing legislation to compliment the president's executive order and address the cyberthreat is one of our highest priorities. i also welcome the administration's continued commitment to securing our nation's borders by maintaining staffing for the border patrol its ath its current historic levels and adding more than 3,400 protection officers to staff our ports of entry. these critical resources are paid for in part with modest fee increases. during my recent trips to our borders in arizona, where secretary napolitano, senator mccaul nd congresswoman joined me, i've been and
-- rein in our deficit. our secretary seems to have taken this message to heart. identifying some $1.3 billion in cost savings this year and more than $4 billion since 2009 and continues to move to a risk-based approach, an effort to save more money. but to do so in a smart way. i'm happy to see in this budget proposes a much-needed increase for cybersecurity which will help the department fulfill its significant cyberresponsibilities. passing legislation to compliment the president's executive...
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Apr 24, 2013
04/13
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CSPAN2
tv
eye 60
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two weeks to stand up for the shadow council on the deficit, two weeks to stand up to backbenchers on welfare, two weeks to stand up to the trade unions on just about anything. it is a week in which he said goodbye to david miliband and hello to george galloway. no wonder, no wonder tony blair said their fellow travelers are not listed he was ousted the right. [shouting] >> order. statements for home secretary. >> here on c-span2 we will leave the british house of commons now as they move on to other legislative business. you've been watching prime minister's question time aired live wednesdays at 7 a.m. eastern while parliament is in session. you can see this week's question time again sunday night at nine eastern and pacific on c-span. and for more information go to c-span.org, click on c-span series for prime minister's questions complies with international news media and legislatures around the world. you can also watch recent video, clean programs did with other international issues. >> oh, my ticker to secretary janet napolitano testified yesterday about the relationship between
two weeks to stand up for the shadow council on the deficit, two weeks to stand up to backbenchers on welfare, two weeks to stand up to the trade unions on just about anything. it is a week in which he said goodbye to david miliband and hello to george galloway. no wonder, no wonder tony blair said their fellow travelers are not listed he was ousted the right. [shouting] >> order. statements for home secretary. >> here on c-span2 we will leave the british house of commons now as...
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72
Apr 19, 2013
04/13
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CSPAN2
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eye 72
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it drives the sided search for a piece deficit that i don't think exists. we went to that in the '90s. to undermine the readiness and capabilities to get the arsenal and they are expanding. we should be expanding hours. but to have a significant impact of the capabilities to reach the intelligence community just in time when we need it the most. to be asked about the effects of sequestration of the intelligence community and i have quoted you several times on this and it is very profound. olmec we're cutting real capability and accepting greater risk for intelligence shorter hours for public parks or longer lines at the airports for intelligence it is insidious. the capability you don't know about that until you notice that. you'll notice ny when we have the same" end quote. and i think that is the belief and the reasonthat is in the military is super bear to deal with threats around the world has the intelligence community uses capability.we are making us lese and i look to our witnesses how the current budget cuts accurately assess these threats especiall
it drives the sided search for a piece deficit that i don't think exists. we went to that in the '90s. to undermine the readiness and capabilities to get the arsenal and they are expanding. we should be expanding hours. but to have a significant impact of the capabilities to reach the intelligence community just in time when we need it the most. to be asked about the effects of sequestration of the intelligence community and i have quoted you several times on this and it is very profound. olmec...
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41
Apr 21, 2013
04/13
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CSPAN
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eye 41
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the federal deficit is at more than $1 trillion. a senior director of the bipartisan policy center said the debt has been accumulating so much the economy is at high risk. >> our debt is a percentage of g.d.p. in the last 30 or 40 years it's been less than 40%. it's only in recent years we've seen a decline. we are in dangerous territory. >> debra sullivan of the bloomberg view blames the shell-shocked u.s. economy. >> they say it's continuing to expand because of job loss, causing more spending on aid programs. >> we had large deficits for four years because we have low revenues as people don't have jobs, or they're getting paid less. but also we have these mandatory spending programs which go on auto pilot. unemployment, food stamps, medicaid, they spend more when he economy is bad. >> i think that the underlying issue of the financial crisis have not been fixed at all. indeed there's no easy fix. >> there are fix to consider. >> if we want to lift the cloud of deficits hanging over our country, we won't solve the problem of fisca
the federal deficit is at more than $1 trillion. a senior director of the bipartisan policy center said the debt has been accumulating so much the economy is at high risk. >> our debt is a percentage of g.d.p. in the last 30 or 40 years it's been less than 40%. it's only in recent years we've seen a decline. we are in dangerous territory. >> debra sullivan of the bloomberg view blames the shell-shocked u.s. economy. >> they say it's continuing to expand because of job loss,...
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Apr 19, 2013
04/13
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CSPAN2
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we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support programs and transition assistance programs and mental health and other counseling programs. the president's budget request continues a major drawdown of active duty and reserve strength. we have in recent years given the department numinous force shaping authorities to allow it to reduce its strength in a responsible way ensuring that the services maintain the proper force mix and avoiding grade and occupational disparities, all of which have long term affect. if sequestration continues, the result would be ore pripitous foe structe that is ou of t the requirements of our defense strategy. sequestration ha
we can develop such a bipartisan plan perhaps in a so-called grand bargain we could devise a balance deficit reduction package for one year that avoids sequestration in fy 2014. we simply cannot continue to ignore the effect of sequestration. sequestration will have a major impact on military personnel. though the pay of military personnel has been exempted, the sequester would reduce military readiness in the services for the troops including schools for military children, family support...
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208
Apr 18, 2013
04/13
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MSNBCW
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health care, taxes, deficit. we can talk about his leadership. the president can only run this country when he is dealing with leaders. we know these are not leaders now. they are cowards and selfishness and they have lack of leadership that that put us in this position now where they voted against something that 90% of the country supports, first of all. they voted against something that is right for our country and right for our society. and might make our society just a little bit safer. but they voted no. because they are cowards. and they put themselves in a category that, quite frankly, and i hate to see this, but put the themselves in a category that helps people like this, al qaeda terrorists. take a look. >> in the west, you've got a lot at your disposal. let's take america as an example. america is absolutely a wash with easily obtainable firearms. can you go down to a gun show at the local convention center and come away with a fully automatic assault rifle, without a background check, and, most likely without having to show an identif
health care, taxes, deficit. we can talk about his leadership. the president can only run this country when he is dealing with leaders. we know these are not leaders now. they are cowards and selfishness and they have lack of leadership that that put us in this position now where they voted against something that 90% of the country supports, first of all. they voted against something that is right for our country and right for our society. and might make our society just a little bit safer. but...
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77
Apr 18, 2013
04/13
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CSPAN
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eye 77
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as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it issued a statement that articulated the consensus war goals of the united states. it was very simple. very clear. the purpose of this war is to restore the union. to disrupt the social institutions of the south. and everybody knew what that meant. it meant not to disrupt slavery. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> saturday night at 8:00 eastern on c-span three. at the capitol today, cabinet secretaries and othersteng b qu, janet napolitano testified for a second
as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it...
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104
Apr 24, 2013
04/13
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KOFY
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eye 104
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. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that victory they lock up a playoff spot for the 9th consecutive year. to baseball and matt cane is winnless, but the slow start is off for brandon bell. cane is 0-2 with an e.r.a of 7 to start the season. she struggling. gold schmidt and the interest >>- q. killer, gold member.: they open up a 4-0 lead and the giants cut it down 4-2. belt with the game winning hit last night and here is the game tieing one. one hop and into the cove. at&t park going crazy as they go to extras. tied at four. but santiago was castilla wild in the 11th and it is costly. arizona tacks on another run. it is 6-4 and d-backs the final.
. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that...
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155
Apr 22, 2013
04/13
by
KRON
tv
eye 155
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san jose overcame a two-goal deficit and tied the game up but ryan johansen scored a tiebreaking goal with a- minute-and-37-seconds to go. all the sharks needed to do was win the game or take it to overtime to clinch their ninth-straight playoff spot. now with only three games left to play the sharks turn their attention to their final home game which is set for tuesday against the dallas stars. warriors all-star power- great weather. maybe we are going to play hooky? >> not only is it going to be nice to beautiful. >> and remember you can watch the weather forecast whenever it is convenient for you on our 24/7 bay area news channel. you can also get headlines and live traffic. it's on comcast 193 and you can also watch it live on kron4.com. you kids should count yourselves lucky. we didn't have u-verse back in my day. you couldn't just... guys... there you are. you know you couldn't just pause a show in one room, then... where was i... you couldn't pause a show in one room then start playing it in another. and...i'm talking to myself... [ male announcer ] call to get u-verse tv for j
san jose overcame a two-goal deficit and tied the game up but ryan johansen scored a tiebreaking goal with a- minute-and-37-seconds to go. all the sharks needed to do was win the game or take it to overtime to clinch their ninth-straight playoff spot. now with only three games left to play the sharks turn their attention to their final home game which is set for tuesday against the dallas stars. warriors all-star power- great weather. maybe we are going to play hooky? >> not only is it...
115
115
Apr 24, 2013
04/13
by
KGO
tv
eye 115
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. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that victory they lock up a playoff spot for the 9th consecutive year. to baseball and matt cane is winnless, but the slow start is off for brandon bell. cane is 0-2 with an e.r.a of 7 to start the season. she struggling. gold schmidt and the interest >>- q. killer, gold member.: they open up a 4-0 lead and the giants cut it down 4-2. belt with the game winning hit last night and here is the game tieing one. one hop and into the cove. at&t park going crazy as they go to extras. tied at four. but santiago was castilla wild in the 11th and it is costly. arizona tacks on another run. it is 6-4 and d-backs the final.
. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that...
110
110
Apr 24, 2013
04/13
by
KGO
tv
eye 110
favorite 0
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. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that victory they lock up a playoff spot for the 9th consecutive year. to baseball and matt cane is winnless, but the slow start is off for brandon bell. cane is 0-2 with an e.r.a of 7 to start the season. she struggling. gold schmidt and the interest >>- q. killer, gold member.: they open up a 4-0 lead and the giants cut it down 4-2. belt with the game winning hit last night and here is the game tieing one. one hop and into the cove. at&t park going crazy as they go to extras. tied at four. but santiago was castilla wild in the 11th and it is costly. arizona tacks on another run. it is 6-4 and d-backs the final.
. >> without d-lee, short landed, the 1-0 deficit we wanted to get this win and go back to oracle with a 1-1 split. big win for us. everybody stepped up. >> to the ice now. sparky dressed for success in the tank. sharks and stars and san jose just needed one point to clinch a playoff spot. torres and it is 1-0 men in teal. down late and stewart fires and redirected by pavel ski. 30 seconds later and the sharks attack again. your game winner and the sharks hang on 3-2 and with that...
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59
Apr 23, 2013
04/13
by
FBC
tv
eye 59
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his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do something about it. this will be a huge revenue in just two years, are you kidding me? you can't turn that down. stuart: i'm totally with you, it is not even funny. i bet you're going to get some calls on this on a radio show. i have some breaking news to get sued, but always a pleasure, come and see us again soon. let's get to the breaking news, senator max baucus will not seek reelection 2014. he chairs the senate finance committee and recently called obamacare and implementation of obamacare a train wreck. the 2014 election, will not stand for reelection. the repercussions, can feel it. that opens it up for republicans and it adds to the questioning of obamacare. he said it was a train wreck. liz: he cast a key vote for obamacare and is now dialing back. a big powerful player with regards to taxes. stuart: all right, everybody, check the big board please. it is a rally, several cows.so hitting all-time highs propelling the overall average higher. give me the list, nicole. nicole
his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do something about it. this will be a huge revenue in just two years, are you kidding me? you can't turn that down. stuart: i'm totally with you, it is not even funny. i bet you're going to get some calls on this on a radio show. i have some breaking news to get sued, but always a pleasure, come and see us again soon. let's get to the breaking news, senator max baucus will not seek reelection...
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Apr 19, 2013
04/13
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sorry, deficit-neutral. thank you, everybody. [applause] >> and it update on the manhunt for the suspect in the boston marathon bombings, overnight his brother was killed, also in mit officer was killed in a shootout. the younger brother is on the loose. and lockdown in the boston area. they were last seen in the water to an area just outside boston. and in his cover the short while ago, the police said the boston area continues on lockdown as they go house to house. they also plan -- a controlled explosion at a house in cambridge, massachusetts, some timeay. amtrak is suspending service between new york and boston. senior democrat associated press as on the house intelligence committeeay the to the st ng suspects had before they confronted police., there was a briefing earlier today. across our networks, we will keep you posted with the latest news and updates. we continue in about an hour in 10 minutes we will take you live to the state department. john kerry, whose brief this morning at the white house on the boston investigat
sorry, deficit-neutral. thank you, everybody. [applause] >> and it update on the manhunt for the suspect in the boston marathon bombings, overnight his brother was killed, also in mit officer was killed in a shootout. the younger brother is on the loose. and lockdown in the boston area. they were last seen in the water to an area just outside boston. and in his cover the short while ago, the police said the boston area continues on lockdown as they go house to house. they also plan -- a...
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Apr 16, 2013
04/13
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CURRENT
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for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything special. just regular order. >> regular order on the budget. >> bill: conference, members of the conference committee the senate and house can get together and maybe we can resolve this budget issue. congressman, with that, we'll let you get back to work. >> good to be with you. >> bill: thank you so much for coming in. i appreciate your time very much leadership on so many issues. congressman chris van hollen. i'll be back with a quick parting shot for today. >> announcer: this is the bill press show. i think the number one thing that viewers
for the purpose of deficit reduction. they acknowledge that there are all sorts of tax breaks out there in the tax code. they just don't want to close a single one of them in order to reduce the deficit. they will only close those loopholes if it means reducing the tax rate on high income individuals. >> bill: so peter let's post on our web site a link, maybe the phone number for the speaker's office so people can get in and suggest do the right thing. we're not calling for anything...
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Apr 20, 2013
04/13
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obviously, every one of us wrestle with budgets and deficits, it kind of perks up -- gives us our attention. do you want to elaborate on that a little bit? >> i guess i would say a couple of things. first, arriving at that estimate is a matter of arithmetic, not particular ingenuity. economic growth comes from growth in people, and their productivity. and immigration controls both the size of the labor force and since immigrants tend to work more and participate at higher rates than the native-born, you get labor force growth. as you've mentioned, we often get small businesses and entrepreneurs, which raise the productivity of those workers, and there are benefits to faster overall economic growth in spreading innovation through the economy and thus raising productivity further. my estimates simply look at increases in immigration and follow the research, literature and rules of thumb for the impacts on gdp and on the budget. it's not magic. it's just arithmetic. i will say that it's important to recognize, i didn't tailor that estimate to 2013, '14, '15. this bill looks like it will take s
obviously, every one of us wrestle with budgets and deficits, it kind of perks up -- gives us our attention. do you want to elaborate on that a little bit? >> i guess i would say a couple of things. first, arriving at that estimate is a matter of arithmetic, not particular ingenuity. economic growth comes from growth in people, and their productivity. and immigration controls both the size of the labor force and since immigrants tend to work more and participate at higher rates than the...
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Apr 16, 2013
04/13
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WJLA
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if we go back to january, our deficit is about 2.5 inches for rainfall. i don't think we will get much today. a cold front across the great lakes will be headed our way tomorrow to bring a chance of a few showers. if you are traveling today, the rough spots will be south of chicago, indianapolis, cincinnati, showers and thunderstorms in the lower mississippi valley. forthere could be delays in new york city. temperatures are in the mid 50's hearing this hour. we will make it into the 70 this afternoon. that the latest. time to see what the croats are doing, jamee. >> busy on the b-w parkway. the beltway lanes are open. virginia 95, lanes are open through stafford and the beltway. newschopper 7 is over northbound b-w parkway still dealing with a crash. tow truck has just arrived. seeing some progress. if you are. leading the beltway, stop and are. you might want to consider interstate 95, running without delay between laurel and the beltway. again, this is the b-w parkway northbound. southbound is open without delay. back to you. >> thank you. that's a goo
if we go back to january, our deficit is about 2.5 inches for rainfall. i don't think we will get much today. a cold front across the great lakes will be headed our way tomorrow to bring a chance of a few showers. if you are traveling today, the rough spots will be south of chicago, indianapolis, cincinnati, showers and thunderstorms in the lower mississippi valley. forthere could be delays in new york city. temperatures are in the mid 50's hearing this hour. we will make it into the 70 this...
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Apr 21, 2013
04/13
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gets away from that, we will work before the introduction to make sure it is deficit neutral. that is one of our bottom lines. thank you, everybody. >> senator chuck grassley is the ranking member. this is an hour and 40 minutes. >> the committee can come to order. for the delay. is a deal going on in massachusetts. i hope everybody can understand why the secretary of wonton amo will not be here. -- secretary will not be here. we will reschedule her testimony. she was saying how proud we are of the way that law enforcement .as responded i am distressed to hear an officer being killed. i see at least one person who runs marathons in the audience. my daughter and youngest son do. most marathons are a joyous occasion. the bipartisan proposal, we have established a path to citizenship for the 11 million undocumented immigrants in this country. it addresses the lengthy backlog in our immigration system. agricultural workers are in essential part of our communities and work so hard to provide our nations food supplies. it addresses the needs of our .aw enforcement community it impro
gets away from that, we will work before the introduction to make sure it is deficit neutral. that is one of our bottom lines. thank you, everybody. >> senator chuck grassley is the ranking member. this is an hour and 40 minutes. >> the committee can come to order. for the delay. is a deal going on in massachusetts. i hope everybody can understand why the secretary of wonton amo will not be here. -- secretary will not be here. we will reschedule her testimony. she was saying how...
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Apr 20, 2013
04/13
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it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic growth affects. the last piece of what is ,appened is since that score congress has passed and the president has assign the affordable care act. my reading of this legislation is is a bipartisan commitment that those who would become registered provisional immigrants who are here illegally, would not be eligible 10,benefits not for probably not for 15. so there will not be a budgetary impact. over the longer term, there is something congress should keep on and terms of the budgetary outlook. i would be happy to discuss with you the impact of the bill in that r
it would over 10 years increased deficit by about $18 billion. it doesn't tell like a lot now but there are things to remember about the $18 billion. since that time, many of the things that were policy , there has been spending on that about half of what the cbo expected would be needed during those comparable policy objectives now maybe cheaper and generate less and the way of spending. is that thehing cbo did not use a dynamic scoring. you did not take into account the potential economic...
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Apr 24, 2013
04/13
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FOXNEWSW
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. >> bob: they all pay their parking tickets then we wouldn't have a big deficit problem. >> eric: $50 billion we have given the u.n. they do fund this human rights council and this guy does get money from that council. >> bob: reports children of the world. >> greg: let's face it, they do fund new york's prostitutes we can't forget that. >> bob: i never saw any hookers at the u.n. >> greg: speak up or stay silent on kermit gosnell born alive at his clinic. kimberly has breaking news on the courtroom action next. ♪ [ male announcer ] just when you thought you had experienced performance a new ride comes along and changes everything. the 2013 lexus gs. this is the pursuit of perfection. can youtart the day the way you want? can orenci(abatacept) help? could your "i want" become "i can"? talk to your rheumatologist. orencia reduces many ra symptoms like pain, morning stiffness and the progression of joint damage. it's helped new ra patients and those not helped enough by other treatments. do not take orencia with another biologic medicine for ra due to an increased risk of serious infe
. >> bob: they all pay their parking tickets then we wouldn't have a big deficit problem. >> eric: $50 billion we have given the u.n. they do fund this human rights council and this guy does get money from that council. >> bob: reports children of the world. >> greg: let's face it, they do fund new york's prostitutes we can't forget that. >> bob: i never saw any hookers at the u.n. >> greg: speak up or stay silent on kermit gosnell born alive at his clinic....
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Apr 17, 2013
04/13
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KGO
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what is a deficit? no. budget def--
what is a deficit? no. budget def--
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Apr 18, 2013
04/13
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i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have implemented reforms and reduce cost. we deliver the maximum bang for the minimal manager of our citizens dollars. about one penny for our national security and global interests out of every dollar. you may give you examples of the kind of work you're doing to make the world safer. with just over $3.5 million, the bureau conflict and stabilization operations made investments leading up to the recent elections in kenya. i know that helped to prevent a repeat of the violence we saw five years ago it also provided accountability to concededodingd odin
i have a record of wanting to do deficit reduction. we are grappling with these at the stateoo department. as part of the budget, we will help cut our deficit responsibly while investing in areas that attract economic growth and create jobs for americans and secure our national interest. budget request of represents a six percent reduction from 2012 fudnding levels. we have examined our request with a clear determination to improve efficiency. given limited reforms and reduce costs -- we have...
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Apr 19, 2013
04/13
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he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this morning. c-span 1 will have that live. you'll also find that on our website. rebecca kaplan is a staff writer at in the national journal. it includes covering the campaign looking at the republican side of things. she worked on that and she also has covered the white house, as part of national journal's team and now she's looking at congress. one of the aspects of congress you're looking at is the house. here's a recent headline of her story. forget working groups, the house judiciary is moving immigration on its own. what's happening in the house? >> the chairma
he found the deficit ceiling will come down for trillions of dollars. his study found $2.5 trillion because when people become legalized, they will start paying taxes and they'll also have to pay back taxes, fines and fees through part of this immigration system. so that means they're not going to be coughing -- costing taxpayers money to go through this process and as many economists believe will raise the quality of life. host: the senate judiciary committee takes up the immigration bill this...
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Apr 24, 2013
04/13
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jobs deficit. it's time for a vote on a serious jobs bill, our mantra here in congress should be jobs, jobs, jobs. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentlelady from the virgin islands seek recognition? the gentlelady is recognized for one minute. mrs. christensen: thank you, mr. speaker. two weeks ago i came to the floor to congratulate virgin islands rocky kevin crigger on his win and qualifying for the kentucky -- he yment. he will be riding golden sense. since then another virgin island stocky has also qualified. they are making history in the entire virgin islands is gearing up to cheer widely for them on may 4 as they make a run for the roses. another virgin islander is an assistant trainer for derby-bound horse it's my lucky day. as a person who grew up in a horse racing family and who has always followed the sport, i could not be prouder to see my young men riding an training in such a prestigious event and i hope to be the
jobs deficit. it's time for a vote on a serious jobs bill, our mantra here in congress should be jobs, jobs, jobs. the speaker pro tempore: the gentlelady yields back the balance of her time. for what purpose does the gentlelady from the virgin islands seek recognition? the gentlelady is recognized for one minute. mrs. christensen: thank you, mr. speaker. two weeks ago i came to the floor to congratulate virgin islands rocky kevin crigger on his win and qualifying for the kentucky -- he yment....
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Apr 23, 2013
04/13
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CNBC
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american taxpayers as he can possibly create in order to justify higher taxes, more spending, more deficits. everyone knows what this play is all about. >> go ahead, steve. fight back. >> well, congressman, wasn't john boehner in the room? wasn't mitch mcconnell present for this sequester? >> absolutely. >> so why are you saying it's the president's deal? >> it was the president's idea. and he just signed a bill -- >> have you guys -- >> to lock in these sequester levels. >> by the way, that's not true, steve. hold on a second. all these guys on the appropriations committee in both the senate and the house have offered to liberalize rules for sub accounts. by the way, the administration has a lot of leeway on sub accounts. guy benson, i come to you again. okay, i'm in favor of the darn sequester. it's not perfect. but some place, sometime, you've got to cut spending and i would rather do that than raise taxes. >> i agree with that, but do it in a slightly smarter way. >> that's what i'm asking. >> they passed laws that would replace sequester. the president, his idea. he signed it into law.
american taxpayers as he can possibly create in order to justify higher taxes, more spending, more deficits. everyone knows what this play is all about. >> go ahead, steve. fight back. >> well, congressman, wasn't john boehner in the room? wasn't mitch mcconnell present for this sequester? >> absolutely. >> so why are you saying it's the president's deal? >> it was the president's idea. and he just signed a bill -- >> have you guys -- >> to lock in...
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Apr 22, 2013
04/13
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because you know for two years now you've been talking about debt and deficit spending. and in this sense it all ties back together. >> well, what's driving our spending and driving our debt is the fact that there are 10,000 baby boomers like me retiring every day. 70,000 this week. 3.5 million this year. social security, medicare, there is no money there in those fund. it has all been spent. people are living longer, accessing medicaid. so the real drivers of the debt primarily are our big entitlement programs that won't survive in their current form unless we make some changes. so it has got, it really has nothing to do with what we call the discretionary spending pot. bill: understood. homeland security spending is not touched? >> we have the sequester because the president won't get serious about solving our big spending problem. he insisted on the sequester. they may have an impact but i don't believe that it's going to affect our counter terrorism activities or affect the ability to protect the american people. bill: what about the immigration debate? there's a lot
because you know for two years now you've been talking about debt and deficit spending. and in this sense it all ties back together. >> well, what's driving our spending and driving our debt is the fact that there are 10,000 baby boomers like me retiring every day. 70,000 this week. 3.5 million this year. social security, medicare, there is no money there in those fund. it has all been spent. people are living longer, accessing medicaid. so the real drivers of the debt primarily are our...
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Apr 22, 2013
04/13
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CSPAN
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i think it is the kind of deficit reduction that we can get bipartisan support for in the country. what about public education? public schools don't teach children how to read english marry well and don't teach american history. it is being worked on a state- by-state, but that is the problem for kids who are born here as well as everybody else in terms of the quy of ucey getting. bill clinton worked with the republican congress to reform aid to families with dependent children. none of those are arguments for getting in the way of immigration before. then there's the question of entitlement. the entitlement system is out of whack and needs to be reformed. let's reform public education and the welfare system, but let's move forward now on immigration reform as well. thank you. >> thank you very much. you talked aboutany .mmigrants who are not legal they have no legal recourse when something happens, if they are $20 and youpay you have no legal recourse. my wife is a registered nurse. we were driving near los angeles. a well-dressed person with a large dog was walking down the stree
i think it is the kind of deficit reduction that we can get bipartisan support for in the country. what about public education? public schools don't teach children how to read english marry well and don't teach american history. it is being worked on a state- by-state, but that is the problem for kids who are born here as well as everybody else in terms of the quy of ucey getting. bill clinton worked with the republican congress to reform aid to families with dependent children. none of those...
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Apr 24, 2013
04/13
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this bill doesn't solve our debt or deficit problems. i'm the first to admit that, but what this family does, it eases some of the hardships on our moms and dads in the work force and i'm really thrilled to be the current author of this bill. it has a long history. i'm excited about taking it to the floor in two weeks. again, mr. speaker, for those who want to know more in night's discussion it is #makinglifework and want to hear from americans who are affected and look forward to addressing those throughout the hour this evening. joining me tonight, i have the ntlelady from washington and the gentleman from ohio. and i would like to open this open. you know currently serve on the energy and commerce committee and you have a couple of topics, but let's talk about making life work for american families when t comes to energy. >> i thank you for appealing to the american people so we can hear from them and have conversations with people who are struggling to make ends meet and make our economy work and define those things that are going to
this bill doesn't solve our debt or deficit problems. i'm the first to admit that, but what this family does, it eases some of the hardships on our moms and dads in the work force and i'm really thrilled to be the current author of this bill. it has a long history. i'm excited about taking it to the floor in two weeks. again, mr. speaker, for those who want to know more in night's discussion it is #makinglifework and want to hear from americans who are affected and look forward to addressing...
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Apr 22, 2013
04/13
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FBC
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called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the airline industry says that these cuts could be designed much better. they say they have been designed for what appears to be maximum impact. they are suing the faa to try to overturn the way these cuts have been structured. back to you. melissa: we are up-to-date. thanks to you, rich edson. melissa: despite the faa's dire warnings so far flight delays seem to be anything but sequester-related as you just heard. is this another example of the faa crying wolf? let's ask mary schiavo. former secretary with the transportation. faa playing politics. >> they can rely on constituent group, airline and air port opera
called on congress to replace the dumb sequester cuts and put instead in place a smarter approach to deficit reduction. >> republicans are charging politics. this is from bill shuster, the chairman of the transportation and infrastructure committee a republican. this disregard for the american public is indicative that the administration views as the sequester to attempt to score political points rather than address real issues and find real savings in a bloated federal bureaucracy. the...
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Apr 23, 2013
04/13
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CSPAN
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the president's forward a balanced plan that would replace sequester and reduce our deficit while making the investments that are necessary to have our economy grow and create jobs, protect the middle class and protect seniors and the president is engaged in a process with lawmakers where he is trying to find common ground to see if common ground exists with republicans around the basic principal -- principle we need to reduce the deficit in a balanced way. he has put forward a plan that would to that and eliminate the sequester in the process. when it comes to these delays, congress has to act in order to avert delays. >> senator moran says the fact that you're not asking for the ability to prioritize spending under the f.a.a. suggests you want -- you want the sequester to inflict -- >> that's -- since we did everything we could to avert the sequester and unfortunately republicans decided as a political matter that it was a home run for them to inflict this upon the american people, i think that suggestion just doesn't hold water. secondly, the f.a.a. did take action, all the act it cou
the president's forward a balanced plan that would replace sequester and reduce our deficit while making the investments that are necessary to have our economy grow and create jobs, protect the middle class and protect seniors and the president is engaged in a process with lawmakers where he is trying to find common ground to see if common ground exists with republicans around the basic principal -- principle we need to reduce the deficit in a balanced way. he has put forward a plan that would...
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Apr 24, 2013
04/13
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care to the sick and reduce the deficit at the same time. in the end, it's not about the money. it's about america's patients. the president should be embarrassed. his political bait and switch is not working. instead of putting the care of the sick first, you tell them, sorry, sister, we're closed. come back in 10 months. 10 months. a week, a day, maybe the amount of time some of these patients have to get treatment or else face the consequences of the progression of their illness. american doctors and hospitals will be there. they'll always be there. but why deny them the means to get their services paid for with insurance coverage? mr. president, your health bill fails this country and most importantly you have failed the thousands of sick americans who can't get health coverage because you think implementing the health care law is more important than taking care of the people that you promised, you promised to take care of. so today we can end the use of the slush fund, use it to actually help people. a vote for this bill is a vote to he
care to the sick and reduce the deficit at the same time. in the end, it's not about the money. it's about america's patients. the president should be embarrassed. his political bait and switch is not working. instead of putting the care of the sick first, you tell them, sorry, sister, we're closed. come back in 10 months. 10 months. a week, a day, maybe the amount of time some of these patients have to get treatment or else face the consequences of the progression of their illness. american...
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146
Apr 18, 2013
04/13
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i rerecently introduced the disabled veterans red tape deficit reduction act. this is a simple idea that would allow veterans to go to doctors outside the v.a. system to get their claims processed. it would speed it up. but this program is at risk right now. a program that 20% of all veterans use, because the last congress failed to re-authorize it. i urge my colleagues to support this measure for another five years. i yield back. the speaker pro tempore: the gentleman yields back. man eorgiae?pose does t >> to revis my e d remarks. the speaker pro tempore: without objection. mr. johnson: mr. speaker, today i have introduced two bills to help small businesses. we all like to talk about how small business are the engine of our economy, small businesses, and that's because that is true. that's why i will -- i have introduced the help entrepreneurs create american jobs act, which is a bipartisan bill to double the deduction for start-up expenses to encourage entrepreneurs to start a business and create jobs. i'll also introduce the fairness this transparency and c
i rerecently introduced the disabled veterans red tape deficit reduction act. this is a simple idea that would allow veterans to go to doctors outside the v.a. system to get their claims processed. it would speed it up. but this program is at risk right now. a program that 20% of all veterans use, because the last congress failed to re-authorize it. i urge my colleagues to support this measure for another five years. i yield back. the speaker pro tempore: the gentleman yields back. man...
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117
Apr 17, 2013
04/13
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raisingle sort of taxes, revenues, don't worry about deficits. she was the housewife adding up the public book in her handbook -- and her handbags. she was much more cautious than reagan and economic policies. host: republican caller. caller: i'm from manchester, england. i grew up in los angeles. but i frequently visit my relatives in england during -- in englad. -- in england. in the early 1980's him i was talking to my cousins, and they really hated margaret thatcher because they thought she was a direct threat to their own livelihood. they were prounion, labour party, and they believed thatcher was going to take away their jobs, their home, their education. , and there two years ago the same cousins still hate thatcher. they blame her for all of england's economic woes, the breakup of the uk. that if it feel wasn't for the government, for socialism, they would have nothing. these people are physicians and actuaries, they are well educated. came from working classes in manchester. they cannot seem to pull away from the belief that if it wasn't
raisingle sort of taxes, revenues, don't worry about deficits. she was the housewife adding up the public book in her handbook -- and her handbags. she was much more cautious than reagan and economic policies. host: republican caller. caller: i'm from manchester, england. i grew up in los angeles. but i frequently visit my relatives in england during -- in englad. -- in england. in the early 1980's him i was talking to my cousins, and they really hated margaret thatcher because they thought she...
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Apr 22, 2013
04/13
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guest: number one is we are racking up near a trillion- dollar deficit every year. the company's debt to gdp ratio is a 73% and expected to get worse. one thing is to use this money to improve the country's financial position. interestingly, in his budget, and in discussions and rhetoric, there are also tax breaks for multiple other industries include the alternative energy industry which he included in his 2013 budget to continue to provide support for that industry. a portion could be used to subsidize or provide tax expenditures for that. host: are taking your calls as we discussed oil and tax breaks. the fault numbers are on your screen -- -- the phone numbers are on your screen -- we will go to st. louis, missouri. caller: hello? we have seen time and time again that when we raise taxes on corporations, it is not just raising taxes on the corporations because it is often passed on to the american people with an increase of the price of the commodity. what are your thoughts that if we go aohis, we see the price of gasoline go even higher? guest: i have done some
guest: number one is we are racking up near a trillion- dollar deficit every year. the company's debt to gdp ratio is a 73% and expected to get worse. one thing is to use this money to improve the country's financial position. interestingly, in his budget, and in discussions and rhetoric, there are also tax breaks for multiple other industries include the alternative energy industry which he included in his 2013 budget to continue to provide support for that industry. a portion could be used to...
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the deficit is coming down. >> i want to get your opinion on one other subject, which is this debate going on the last day on your world of economists and whether the original survey or study was accurate. do you have a view on that, mr. liesman. >> i think i did the first interview with row goff at this conference four, five, six years ago when he first came out with the paper. i always thought the 90% threshold concept was bunk. and i'll tell you why. >> just explain to the viewers what the threshold was. >> this was a threshold above which their paper suggested that you would have lower potential growth. and the controversy is that some guys went back and looked at their spreadsheet and found they didn't do the right formulas in the spreadsheet. so the number is actually positi positive, not negative. the debt capacity of greece and averaging it with the debt capacity of the united states, and coming up with a single number that applies to the united states, to me that was bunk to begin with. it takes time after a financial crisis to come back. that's empirical. it's in the data.
the deficit is coming down. >> i want to get your opinion on one other subject, which is this debate going on the last day on your world of economists and whether the original survey or study was accurate. do you have a view on that, mr. liesman. >> i think i did the first interview with row goff at this conference four, five, six years ago when he first came out with the paper. i always thought the 90% threshold concept was bunk. and i'll tell you why. >> just explain to the...
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we are doing major work on the deficit this year. that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of markets are very out of whack in recent years. that causes people to make strange investment decisions. also to cash accounts. still too much money sitting in cash accounts. but it doesn't tell me anything important by the global economy. it just tells me that one side show was that distraction for a lot of investors is ending here. so it's funneling money back in towards long-term inmentes in real estate, in business, in equities. that's where we want to see money invested. >> does that mean you take a gamble on the technology? we'll get results tonight or is this a general bulls market?
we are doing major work on the deficit this year. that is slowing the economy. later on the economy can accelerate. overall, it wasn't as bad as it looked in the fourth quarter. it wasn't as good as 3% to 4% if r the first quarter. i think it's good enough. >> wow. a lot of people would take that. you ian say -- i mean, talk about a silver linings playbook that the collapse in goal removes an impediment to hardball asset pricing. with you explain that? >> we have seen a lot of...